Account Payable Specialist

Location: Mumbai India
Department: Finance
Experience Required: 23 years
Employment Type: Full-time Hybrid (Mon & Wed from our Andheri Office)

Position Overview

We are seeking a motivated Accounts Payable professional to manage vendor payments ensure compliance with statutory requirements support reporting processes and collaborate across teams. The role requires strong analytical skills attention to detail and effective communication to meet finance calendar deadlines.

Key Responsibilities

1. Procure to Pay (P2P)

• Process outgoing payments in accordance with company policies and procedures.
  
• Record and verify payable transactions in global accounting software.
  
• Reconcile accounts payable ledger and vendor statements.
  
• Investigate and resolve discrepancies in vendor accounts including GST input.
  
• Maintain strong relationships with banking partners and support banking operations.
  
• Manage vendor master data and ensure proper documentation.
  

2. Compliance

• Ensure proper TDS is deducted on vendor invoices.
  
• Handle GST compliance related to vendor invoices and input tax credits.
  
• Support compliance with PF PT and FEMA regulations where applicable.
  
• Assist auditors with all AP-related documentation and queries during audits.
  
• Ensure adherence to company policies statutory deadlines and regulatory requirements.
  

3. Reporting

• Generate reports on accounts payable status and vendor reconciliations.
  
• Prepare accruals and journal entries for month-end reporting.
  
• Assist in finalizing financial statements for small subsidiaries.
  
• Provide data and analysis to support budgeting expense accounts and cost centre management.
  
• Collaborate with internal departments to meet finance calendar deadlines.
  

4. Soft Skills

• Strong numerical and analytical skills with high attention to detail and accuracy.
  
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.
  
• Integrity and ethical standards in handling vendor and compliance matters.
  
• Problem-solving mindset with proactive approach to resolving issues.
  

5. Collaboration

• Work closely with procurement finance and compliance teams to streamline processes.
  
• Coordinate with vendors to resolve queries and maintain positive relationships.
  
• Liaise with auditors consultants and government authorities for compliance matters.
  
• Support cross-functional initiatives to improve efficiency in the P2P cycle.